Solar Power Partners Owns, Operates, and Manages Solar Energy Facilities at Public and Private Universities MILL VALLEY, Calif.--(BUSINESS WIRE)--Solar Power Partners, Inc. (SPPTM), one of the top three PPA providers in the country, today announced that its solar systems on university campuses are in operation and generating power. The solar systems include an 878.22 kW total system at the University of California at San Diego in San Diego, CA; a 357.32 kW system at Point Loma Nazarene University in San Diego, CA; and a 238.68 kW system at the California Institute of Technology (Caltech) in Pasadena, CA. Each solar facility was financed and developed using a solar Power Purchase Agreement (PPA), which allows SPP to own, operate, and manage the solar system for the length of the agreement, and sell back the power to the university. The universities pay only for the energy produced by the system and put no cash upfront, freeing capital for other projects and stabilizing their energy rates. SPP manages each facility through its dedicated asset management team, which uses real-time data monitoring to provide detailed management profiles for the systems. “SPP’s experience making solar power attainable for schools and universities makes for a great long-term partnership,” said Bill Irwin, Senior Director of Facility Management at Caltech. “This economic means of gaining solar energy for the campus is part of Caltech’s focus on sustainability and renewable energy. It saves money, fosters awareness, reduces the Institute’s environmental impact, and provides environment stewardship."
